DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be maximized. - This is a swing trade call and not an intra-day trade - Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis. - Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. - All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Comment
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Stop Loss was intact during the consolidation...Finally a meaningful Break out today...Will be on track for the final target...!
This was Originally Invented by Australian Senior Technical analyst , Called Darrel Guppy , He also Patented it for a while before the Computer Boom took over in Mid of 2005 ,
This method of Multiple Moving average is Very Effective , No one believes it , because they think it does not give daily trade , and they try to follow some system and they keep losing ,
This method Needs a Practice once completed a minimum 6 months Practice the person using this method will never lose the Money and never lose the Trend riding , You post is very Good
I have used 8 EMA Ribbon here. Like any other indicators and oscillators, this technique needs to be used with the combination of several other parameters and analysis. My ideas are backed with basic Fundamental checks and has a decent track records as you can see from several previous posts using different techniques. My recent post on TINPLATE would give a fair idea of the stock behavior using this technique.